Industries

Korea Challenged by China's New Economic Growth Engines

South Korean companies are apparently playing catch up with their Chinese counterparts in new industries identified as new economic growth engines the Korean Herald said citing a study on Thursday.

October 6, 2016 at 6:38 am

South Korea Fast Rising As The New Hub of Global Health Care Research

Global health care companies are ramping up their research and development (R&D) investment in South Korea as the country emerges as a new global biotech and medical industry hub.

October 6, 2016 at 6:39 am

Korea's Leading Automaker Hyundai Motor Will Supply 3,500 Taxis to Singapore

South Korea's top automaker Hyundai Motor Co. said Thursday that it has signed a deal with a taxi service company in Singapore to supply up to 3,500 i40 vehicles by the end of next year.

October 4, 2016 at 6:22 am

Korea Bows to Mexico As Car Export Rank Declines

South Korea's volume of global car exports declined from third to fourth place in the world this year as Mexico overtook the country in the highly competitive car industry business Chosun Ilbo reported.

October 5, 2016 at 6:26 am

S. Korean Conglomerates Borrow More to Stay Alive

Non-performing loans (NPL) of South Korea's conglomerates held by major banks rose to the highest level on record, Yonhap news reported on Monday.

October 3, 2016 at 11:15 am

Tesla Promises Profitability After Increased Car Deliveries in The Last Quarter

US electric carmaker Tesla, which has yet to turn a profit with its business, has reported a sharp increase in car deliveries in the last three months, BBC reported.

October 3, 2016 at 6:58 am

Deutsche Bank Scrambles To Deal With U.S. Settlement of its Fine.

Deutsche Bank is scrambling all of its resources to reaching a settlement before next month's presidential election with U.S. regulators who are demanding a fine of up to $14 billion for misselling mortgage-backed securities, Reuters reported.

October 3, 2016 at 6:58 am

CEOs of Samsung and SoftBank Hints of Possible Partnership in "Internet of Things Technology"

Samsung Electronics Co. and SoftBank Corp. gathered in Seoul to discuss possible business partnerships in Internet of Things technology the Koreanherald reported.

October 3, 2016 at 11:16 am

Some Listed CEOs and Company Directors in Korea Are Teenagers, Suspicion of Tax Evasion Rises

Some 206 individuals under 18 are registered as CEOs or chairmans of companies, apparently as a way to evade taxes by parents who mostly run real estate businesses, Chosun Ilbo reported.

September 28, 2016 at 6:54 am

South Korea Court Undecided Whether Sale of Hanjin Shipping is Necessary Contradicts Bloomberg Report

South Korea Court is still undecided whether it should go put Hanjin Shipping on sale or not. The court said that the sale is only of many options it is considering. It has not made any decision yet.